BCH long term opportunity
Updated
BCH will continue to consolidate if BTC does not crash totally. BCH can also enter a new run to 4300$ if it breaks the blue resistance line.
BCH had some good news last week (stockemperor.com/currencies/bitcoin-cash-darknet-marketplace/ and a payment acceptation).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
Here we can see that BCH can consolidate to this value to prepare a new huge run to the moon.
I think that the current value of the BCH is a good opportunity for a long term hold before the next run.
BCH had some good news last week (stockemperor.com/currencies/bitcoin-cash-darknet-marketplace/ and a payment acceptation).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
Here we can see that BCH can consolidate to this value to prepare a new huge run to the moon.
I think that the current value of the BCH is a good opportunity for a long term hold before the next run.
Trade active
Comment
Test resistanceComment
Stopped by the <b>blue</b> resistance line. BCH will retest it soonComment
Need to go over the red resistance, if not use stop lossComment
It breaks the two resistance / 2 Options are available : - Accumulation between 2500-3000$ to prepare the next run
- It breaks the next resistance at 3000$ and we can see the next TARGET at 3700$ or the objective of 4300$
Comment
See the update of this idea here : 
Trade closed manually
Broke the support line see update above
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